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George Soros and auto insurance industry profits

car crashI'm placing this blog post squarely at the feet of George Soros. The first reason I'm doing that is because I can. The second reason I'm doing it is because Mr. Soros will never read it. The third reason is because I have the ability to understand insurance actuary tables and I can read the writing on the wall.

Is anyone out there willing to take a guess at exactly why George Soros, Progressive Insurance (NYSE: PGR), and most of the rest of the auto insurance industry is so highly motivated to promote the green movement? Do you think it's because they want more trees available for the little birdies to sing in? Is it because someone said we're running a couple quarts low on oil? Could it be that they fear "green house gases" will soon choke us all? Nope, it's about none of those things. It all comes down to percentages, money, and control.

Continue reading George Soros and auto insurance industry profits

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